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Home/Mortgage Calculator
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You may either enter the sum of money you currently have for a down payment or you may select the percentage. (the default option is 10% of the home price).

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  • Final interest rate may be more based on final risk assessment (based on factors including but not limited to debt-service-ratio and life insurance assignments)
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Please add together any existing monthly payments for Rent; Credit Card; Hire Purchase; Credit Union, Bank or any other loan; other mortgages

  • Loan term should not exceed retirement age. Have a chat with one of our officers to find out if an extended term may be considered for you.
  • If a joint mortgage is being considered, then the term should be based on the retirement age of the higher income earner.
  • If the collateral is land, the interest term cannot exceed 15 years.
CUSTOMER INFORMATION

Location’ meant to capture Address, Town, Country??

Your Mortgage Scenario

Desired Mortgage Loan Amount

Estimated monthly payment

Qualifying income

Estimated Closing Costs

Closing Costs Breakdown
All Fees Are Estimates
Valuation Fee (Includes V.A.T.)
Stamp Duty Conveyance
Stamp Duty Mortgage
This fee is waived for Credit Union Mortgages
Quantity Surveyors Report Fee
Acceptance/Processing Fee
This fee is waived for RHAND Mortgages
Legal Fees - Conveyance
Legal Fees - Mortgage

DISCLAIMER

This Estimate is issued with the understanding that (1) The estimated amounts are based solely on the information provided/entered by the member, (2) the final loan amount, monthly payment, term and interest rate will be determined upon completion of the relevant risk assessment of the loan application, and (3) no commitment is being made by RHAND Credit Union to provide based on these calculations unless the Society agrees to do so in terms of a formal written offer which is accepted by you in writing.

Conveyance– the act of legally transferring property from one party to another. Where Leasehold property is being transferred it is referred to as an Assignment
Stamp duty– a tax that you must pay when carrying out certain transactions that require legal documents. The amount is determined and payable to the Board of Inland Revenue

Mortgage - the legal documentation pertaining to the property being held as collateral for the proposed loan
Stamp duty– a tax that you must pay when carrying out certain transactions that require legal documents. The amount is determined and payable to the Board of Inland Revenue

QS Report– an independent assessment to determine the true cost of the building to be constructed.

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